More About LLC Incorporation

LLC stands for Limited Liability Company.

When you incorporate your LLC you can choose one of the following extensions:

• Limited Liability Company
• L.L.C.
• LLC

An LLC is never called a Limited Liability Corporation.

LLC’s are a relatively new type of legal entity that most states have accepted. There are even some states like Illinois that have series and non-series LLC’s. With a series LLC you can have any number of sub-businesses under the main LLC and yet you pay just the one “Series LLC” fee.

LLC’s are very popular. LLC’s account for nearly 80% of incorporations done on our state incorporation sites.

Limited Liability Companies are appropriate for 1-owner/employee businesses that will likely remain small and not add many employees to the business.

Limited Liability Companies, like Subchapter S corporations avoid double taxation by allowing flow through of profits and losses to be accounted for on the individual’s tax returns.